Technical Analysis:
- Price cross 20 MA and above, and is above 200 MA
- Stock is on an uptrend, with 20MA > 50 MA > 200 MA
- Price has been consolidating horizontally and the last bar was a strong rejection of the bearish bar before that (Oil and gas sector fell sharply on the day before)
- Volatility is high
- Stock seems to be in the early uptrend stage
Fundamental Analysis:
- APA is 97.3% undervalued based on discounted cash flow analysis
- Stable quality earnings growth of more than 500% over the past year
- Debt is well covered by operating cash flow
I have placed a buy stop at 47.5 for the next trading day.
- Price cross 20 MA and above, and is above 200 MA
- Stock is on an uptrend, with 20MA > 50 MA > 200 MA
- Price has been consolidating horizontally and the last bar was a strong rejection of the bearish bar before that (Oil and gas sector fell sharply on the day before)
- Volatility is high
- Stock seems to be in the early uptrend stage
Fundamental Analysis:
- APA is 97.3% undervalued based on discounted cash flow analysis
- Stable quality earnings growth of more than 500% over the past year
- Debt is well covered by operating cash flow
I have placed a buy stop at 47.5 for the next trading day.